Financial
Distress signals
Property profile

12221 Dixie Redford, MI 48239

FOR LEASE
Manufacturing properties
Property ID
US43-4823882
11,097 SF 0.62 ac lot Built 1956
Last sale May 2021 · $175,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

An industrial property with approximately 12,000 square feet of space, suited for manufacturing, warehousing, and other industrial uses. It is located on the corner of Dixie Street and Capitol Avenue and is zoned M2. The building includes executive-style offices and features epoxy flooring throughout the industrial area. Operational features include heavy electrical power and two 5-ton cranes, along with a single 12 x 14 overhead door for loading and access. The property configuration supports both sale and lease use.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2019

What does the county charge?
$13k
Tax billed · 2019
Assessed value · 2024$188k
Effective rate6.88%

Value estimate

· Sep 2026
$175k
$158k – $193k
NOI build-up
Gross scheduled income$88k
Vacancy & credit loss−$4k
Operating expenses−$25k
NOI · 778,186.67% cap applied$58k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$46/SF
ZIP average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$35 – $61
Qualifying comparables5

Cap rate analysis

How does the asset earn?
778,186.67%
$58k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency49.5
Dental Office37.5
Restaurant34.1

Location

12221 Dixie Redford, MI 48239
County assessor Recorded deeds · 3 transfers 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
26305 Glendale, Redford, MI 48239-2761 $1,150,000 Oct 2024 16,988 SF
12668 Arnold, Redford, MI 48239-2637 $550,000 Feb 2024 14,281 SF
12045 Woodbine, Redford, MI 48239-2417 $230,000 Jun 2023 9,828 SF
25255 Glendale, Redford, MI 48239-2647 $766,500 Apr 2023 7,600 SF
12155 Woodbine, Redford, MI 48239-2417 $412,500 Apr 2023 9,218 SF
12870 Inkster, Redford, MI 48239-3046 $480,000 Jan 2022 10,718 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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